SGW_DEVELOPMENTS_LTD - Accounts

S G W DEVELOPMENTS LIMITED - Company Information

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Company Registration No. 02317226 (England and Wales)

SGW DEVELOPMENTS LTD

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2015

SGW DEVELOPMENTS LTD

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

SGW DEVELOPMENTS LTD

ABBREVIATED BALANCE SHEET

AS AT

30 APRIL 2015

- 1 -

2015

2014

Notes

Current assets

Creditors: amounts falling due within one year

(3,417)

Total assets less current liabilities

(3,417)

Capital and reserves

Called up share capital

100

Profit and loss account

(3,517)

Shareholders' funds

(3,417)

For the financial year ended 30 April 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 28 January 2016

Mr S Westwell

Director

Company Registration No. 02317226

SGW DEVELOPMENTS LTD

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 APRIL 2015

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The financial statements present information about the company as an individual undertaking and not about its group. The company and its subsidiary undertaking comprise a small-sized group. The company has therefore taken advantage of the exemptions provided by section 399 of the Companies Act 2006 not to prepare group accounts.

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

1.4

Going Concern

The company has ceased to trade and will not recover its investment which has been impaired fully. As a consequence there are liabilities which may not get paid unless the director can produce income or assign that creditor. The creditors owing are HMRC amounting to £1,083 and £2,334 to the parent company Churchill Property Group Limited who are not likely to call in the loan as it continues support the company.

Share capital

2015

2014

Allotted, called up and fully paid

100 Ordinary of £1 each

100